Chapter 11 for American Idol; Core Entertainment Owes Crestview $398MM

April 29th, 2016
The Wall Street Journal reported that Core Entertainment, the owner and producer of American Idol, has filed for Chapter 11 protection . Read more: Chapter 11 for American Idol; Core Entertainment Owes Crestview $398MM

Wells Fargo Leads VOXX $155MM Refi

April 28th, 2016
VOXX International has entered into an amended $140 million credit facility with a $15 million sublimit for letters of credit and the right to increase the maximum revolver amount to $175 million. Wells Fargo is the lead bank, with Key Bank, Citibank and HSBC USA participating in this combined $155 million refinancing. Pat Lavelle, president and CEO of VOXX International said, “This new financing increases our borrowing capacity and extends our debt maturities, providing us with sufficient resources to ...

Citizens Bank Provides $15MM Resolver to Lytron

April 28th, 2016
Citizens Commercial Banking has provided Woburn, MA-based Lytron with a new $15 million revolving line of credit. Lytron will use the funds to refinance existing debt and for general corporate purposes Continue reading here: Citizens Bank Provides $15MM Resolver to Lytron

Siena Closes $15MM Rotorcraft Leasing Facility

April 28th, 2016
Siena Lending Group completed a $15 million credit facility for Rotorcraft Leasing Company to refinance its existing senior debt and to support its working capital needs. Rotorcraft is an investment of Bain Capital Credit, formerly known as Sankaty Advisors. Headquartered in Broussard, LA, Rotorcraft provides helicopter transportation of personnel, parts and equipment to and from offshore platforms and rigs for customers primarily engaged in oil and gas production in the shallow waters of the Gulf of Mexico. See the ...

ING Upsizes Scorpio Tankers Facility to $132.5MM

April 28th, 2016
Scorpio Tankers amended and restated its credit facility with ING bank , increasing the borrowing capacity from $87 million to $132.5 million. The proceeds from the upsizing were utilized to partially finance the purchase of STI Lombard and refinance the existing indebtedness on STI Osceola. The facility bears interest at LIBOR plus a margin of 1.95% per annum Read more: ING Upsizes Scorpio Tankers Facility to $132.5MM

SSG Advises Edgmont Golf Club On Exit Financing, Asset Sale

April 27th, 2016
SSG Capital Advisors acted as investment banker to Edgmont Golf Club and Country Club in the placement of exit financing and in the sale of substantially all of its assets to Ridgewood Real Estate in partnership with Angelo, Gordon & Company. The exit financing and subsequent sale were executed through a Chapter 11 bankruptcy plan of reorganization, which was approved by the Bankruptcy Court in August 2015 and closed in March 2016. Go here to see the original: SSG Advises ...